Mahindra Manulife
ELSS Tax Saver Fund
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
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One Pager as on May 31, 2024
 | Tax benefit with deduction under Section 80C of Income Tax Act, 1961* |
 | 3-year lock-in period to maximise growth potential |
 | Potential Capital Appreciation through a diversified equity portfolio |
| *Assuming investor uses the entire ₹ 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Fund. The tax benefit is calculated on the basis of current applicable tax rates under the old regime, ignoring marginal relief on surcharge, if any, for net taxable income between ₹ 50 lacs and ₹ 1 crore. The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the taxpayer to forego certain solicited deductions including deduction u/s 80C of Income Tax Act. 1961. Please consult your financial / tax advisor before investing. | |
- A portfolio of companies with strong industry leadership and high moat.
- A well-diversified portfolio that looks to capture potential long term
growth opportunities from across market caps.
- Key Overweight sectors/Industries include Banks, Construction and IT vs
the Scheme’s Benchmark
- Key Underweight sectors /Industries include Finance, Oil & Gas and
Healthcare vs the Scheme’s Benchmark
| Sector | MMETSF* | Nifty 500 TRI Index |
| Financial Services | 28.66% | 28.79% |
| Information Technology | 10.61% | 8.50% |
| Fast Moving Consumer Goods | 7.78% | 6.87% |
| Automobile And Auto Components | 6.43% | 7.49% |
| Oil Gas & Consumable Fuels | 6.40% | 9.02% |
*Mahindra Manulife ELSS Tax Saver Fund
Data as on May 31, 2024
| Security | % to Net Assets |
| HDFC Bank Limited | 8.36% |
| ICICI Bank Limited | 7.57% |
| Infosys Limited | 4.64% |
| Larsen & Toubro Limited | 4.14% |
| Reliance Industries Limited | 4.03% |
| State Bank of India | 2.91% |
| Maruti Suzuki India Limited | 2.87% |
| Hindustan Unilever Limited | 2.85% |
| IndusInd Bank Limited | 2.79% |
| Tata Consultancy Services Limited | 2.78% |
| Total | 42.93% |
| Fresh Additions | Complete Exits |
| Security | Security |
| Bharat Electronics Limited | ABB India Limited |
| Finolex Industries Limited | Indraprastha Gas Limited |
| JK Cement Limited | Lupin Limited |
Note: The companies/stock(s) referred above are only for the purpose of disclosure of significant
portfolio changes during the month and should not be construed as recommendation to buy/sell/ hold.
The fund manager may or may not choose to hold these companies/stocks, from time to time. Investors
are requested to consult their financial, tax and other advisors before taking any investment decision(s).
Data as on May 31, 2024
| Turnover Ratio (Last 1 year) | 0.82 |
| Standard Deviation | 12.44% |
| Beta | 0.91 |
| Sharpe Ratio# | 0.82 |
| Jenson's Alpha | 0.0118 |
#Risk-free rate assumed to be 6.76% (MIBOR as on 31-05-24) - Source:www.mmda.org
Note: As per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns for last
3 years. Data as on May 31, 2024.
The investment objective of the Scheme is to generate long term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
Fund Manager:
Ms. Fatema Pacha
Total Experience : 18 years
Experience in managing this fund: 3 years and 7 months (managing since October 16, 2020)
Mr. Manish Lodha
Total Experience : 23 years,
Experience in managing this fund: 3 years and 5 months (Managing since December 21, 2020)
Date of allotment: October 18, 2016
Benchmark: Nifty 500 Index TRI
Option: IDCW (IDCW Option will have only IDCW Payout facility) and Growth (D)
D-Default
Minimum Application Amount: Rs. 500 and in multiples of Rs.500 thereafter
Minimum Additional Purchase Amount: Rs. 500 and in multiples of Rs. 500 thereafter
Minimum Repurchase Amount: Rs. 500 or 50 units or account balance, whichever is lower
Minimum Weekly & Monthly SIP Amount: Rs 500 and in multiples of Rs 500 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Rs 500 thereafter
Minimum Quarterly SIP installments: 4
Monthly AAUM as on May 31, 2024 (Rs. in Cr.): 860.41
Monthly AUM as on May 31, 2024 (Rs. In Cr.): 866.79
Entry Load: Not applicable
Exit Load: Nil
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth
Option under Regular Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr Manish
Lodha is managing this scheme since December 21,2020. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments.
Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day
of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).
^Benchmark CAGR – Compounded Annual Growth Rate. $Dedicated Fund Manager for Overseas Investments.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. The performance details provided above are
of Growth Option under Regular Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha manage 8 schemes and
Mr. Manish Lodha manage 10 schemes each of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Performance as on May 31, 2024
££Pursuant to change in Fund Management Responsibilities, the scheme shall be co-managed by Ms. Fatema Pacha, Mr. Manish Lodha, Mr. Rahul Pal and Mr. Amit Garg effective May 2,
2024
Note: $With effect from June 1, 2024, the name of the benchmark of the said scheme has been revised from S&P BSE 250 Small Cap Index TRI to BSE 250 Small Cap Index TRI
Mahindra Manulife ELSS Tax Saver Fund
This product is suitable for investors who are seeking*:
• Long term capital appreciation
• Investment predominantly in equity and equity related securities.
Nifty 500 TRI Index
Benchmark Riskometer
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Get in Touch: Unit No. 204, 2nd Floor, Amiti Building, Piramal Agastya Corporate Park, LBS Road, Kamani Junction, Kurla (W), Mumbai – 400 070.
Phone: +91-22-66327900, Fax: +91-22-66327932
Toll Free No.: 1800 419 6244
Website: www.mahindramanulife.com
*Assuming investor uses the entire ₹ 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Fund. The tax benefit is calculated on the basis of current applicable tax rates under the old regime, ignoring marginal relief on surcharge, if any, for net taxable income between ₹ 50 lacs and ₹ 1 crore. The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the taxpayer to forego certain solicited deductions including deduction u/s 80C of Income Tax Act. 1961. Please consult your financial / tax advisor before investing.